Electro Optic Systems vote eyed Friday as 34 million potential shares come into play
Electro Optic Systems Holdings shareholders are set to vote Friday on whether to issue 5 million strategic shares and approve 21 MARSS performance rights. The performance rights only convert to shares if targets are hit, potentially creating up to 28.94 million shares. In total, these proposed shares would amount to 33.94 million, or about 15.7% of the current 216.7 million shares on issue. The stock ended at A$9.75, down 4.97% on Tuesday. Volume came in at roughly 6.15 million shares. This story was filed while the Australian cash market was still in pre-open. Normal trading set to begin at about 10 a.m. Sydney.